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Chavez signs decree to nationalize Venezuela's gold mining industry

(Xinhua)

10:54, August 24, 2011

Image provided by Venezuelan Presidency shows President Hugo Chavez during a signing ceremony formalizing the nationalization of Venezuela's gold mining industry in a cabinet meeting at the Miraflores palace, in Caracas, capital of Venezuela, on Aug. 23, 2011. The decree was signed by Chavez with the aim of strengthening mineral production within the framework of the repatriation of gold reserves of the country abroad and will be in the vaults of the Venezuela's Central Bank (BCV). (Xinhua/Venezuelan Presidency)
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